Template-type: ReDIF-Article 1.0 Author-Name: Peter Rodenburg Title: How Full is Full Employment?How Tools and Not Theory Explained Full Employment Abstract: The post-war debate on full employment policy was blurred and unclear since the concept of full employment itself was theoretically unclear and un-operational. Unable to theoretically determine the unemployment level of full employment, economists tried to find more empirically based ways to determine the level of full employment. This paper argues that economists turned the UV curve (or Beveridge curve) and Phillips curve into practical, empirical tools of investigation and measurement for full employment. In this role economists could establish quantitative facts of unemployment that were not derivable from theory alone and so fulfilled the role of a measuring instrument in economics. Consequently, they not only enhanced theory but gave specific, quantitative and empirically based interpretations of full employment that economic theory couldn?t deliver. This paper shows how the UV and Phillips curves became tools for disentangling complex and theoretically underdetermined phenomena and measurement devices for the performance of the labour market. Classification-JEL: B22, B41, E24, E61, J08 Keywords: Note: Pages:5-25 Volume: 2016/2 Year: 2016 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=57969&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2016-002001 Number: 1 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=57969 Template-type: ReDIF-Article 1.0 Author-Name: Marcelo Resico Author-Name: Stefano Solari Title: The Social Market Economy as a Feasible Policy Option for Latin Countries Abstract: The growth model of the German economy draws its guiding theoretical principles from the soziale Marktwirtschaft (SMW) and the seminal work of the German economist Alfred M?ller-Armack. The first part of this paper discusses the precise characteristics of German neoliberal theories and the SMW in particular. The second part explores the policy history of Argentina and Italy and the exportability of the SMW to such Latin countries. The relation between countries? economic structure and the reforms needed to achieve such an economic order is analysed. Classification-JEL: B29; P16; P52; E61 Keywords: Note: Pages:27-52 Volume: 2016/2 Year: 2016 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=57970&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2016-002002 Number: 2 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=57970 Template-type: ReDIF-Article 1.0 Author-Name: Fran?ois Billacois Title: Antoine de Montchrestien Abstract: Classification-JEL: Keywords: Note: Pages:55-58 Volume: 2016/2 Year: 2016 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=57971&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2016-002003 Number: 3 Template-type: ReDIF-Article 1.0 Author-Name: Bertram Schefold Title: Political Economy in the Pseudo-Aristotelian Oeconomica II and the German Cameralist Klock Abstract: Montchr?tien was decidedly mercantilist. He praises the ancients, their honour and their self-discipline, but he notes, like Serra, that there was no concept of Political Economy in Antiquity. The words, however, appear for the first time in the pseudoaristotelian Oeconomica II, where the householding by a king, the householding of the governor of a province, the administration of a city (polis) and the household of a private citizen are distinguished; the term applies to the financing of a city economy. The book contains a multitude of prescriptions of how to finance a city by means of varying forms of taxation, gifts, forced loans and by means of manipulating the currency. Especially the latter schemes are of extreme interest for the historian of economic thought, as they reveal a remarkable understanding of metallist and nominalist conception of money. The paper tries to explain the contexts and then goes on to compare these doctrines with cameralism, using the comments published in 1651 by the German cameralist Klock on Oeconomica II. He treats the proposals as if they were made by contemporaries, assessing them from practical and moral points of view in a way that suggests a parallelism of institutions and ideas. Classification-JEL: B11, E62, E65, H20, H74 Keywords: Note: Pages:59-72 Volume: 2016/2 Year: 2016 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=57972&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2016-002004 Number: 4 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=57972 Template-type: ReDIF-Article 1.0 Author-Name: Cosimo Perrotta Title: Montchr?tien Founder of Political Economy Abstract: Montchr?tien is still appreciated as a literate and author of tragedies, but is gravely neglected as an economist. His book - Trait? de l??conomie politique (1615) - is one of the most important expression of mercantilism. Like for the other mercantilists, Montchr?tien?s main concern was development through the expansion on manufactures, the organisation of the poor for labour, the increase of exportations and a keen economic competition with the other states. Montchr?tien enriches his arguments by drawing from his immense erudition about far and recent history, mythology and also a detailed and deep knowledge of the social and economic problems of his time. But his most important achievement was the foundation of modern political economy as different from ancient household economy. Contrary to the common conviction that the title of his book was just an unintentional chance, we are set to show that Montchr?tien was perfectly aware of the main features of the new economic science: management of social wealth in the public interest, growth of social wealth and a general welfare as the main aim, balance between private and public interest. Private interest is the spring of enrichment; its protection is the source of individual rights and of liberty. Public interest must ensure equal rights, welfare and protection of the poor. Classification-JEL: B11, B15, B17, B31, N13 Keywords: Note: Pages:73-84 Volume: 2016/2 Year: 2016 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=57973&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2016-002005 Number: 5 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=57973 Template-type: ReDIF-Article 1.0 Author-Name: Rosario Patalano Title: Nation-World: Autarky and Geo-economics in Montchr?tien?s Traict? Abstract: In his Traict? de l?oeconomie politique (1615), Antoine de Montchr?tien proposed a model of development, based on an autarkic economy, formulating analytical and political alternative to increasing integration of world trade, which in the seventeenth century was under Dutch and English hegemony. Montchr?tien?s response to the problem of world trade integration focused on the establishment of a French colonial empire, completely self-sufficient and closed to international trade. Montchr?tien proposed an ?economic nationalism? connecting politics and the economy, in a perspective that would be called geo-economic, pitting nationalism against globalization to avoid the failure in international trade competition that could threaten the political survival and independence of the country?s national interests. This paper explores the analytical frameworks of Montchr?tien?s autarkic model, which constitutes an exception in the 17th century literature, which is focused on the idea of commercial supremacy and the gains of trade in a context of international competition. Classification-JEL: B110, B310, F130, N100 Keywords: Note: Pages:85-98 Volume: 2016/2 Year: 2016 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=57974&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2016-002006 Number: 6 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=57974 Template-type: ReDIF-Article 1.0 Author-Name: Comitato di Redazione Title: Book reviews Abstract: Classification-JEL: Keywords: Note: Pages:99-132 Volume: 2016/2 Year: 2016 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=57975&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2016-002007 Number: 7 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=57975 Template-type: ReDIF-Article 1.0 Author-Name: Luciano Messori Author-Name: Raimondello Orsini Title: A Biographical Note on John Bates Clark Abstract: This note reports some information about the life of John Bates Clark which come from an unpublished family history written in 1968 by John Bates Clark?s nephew, Frederick Clark Lyman, the son of his sister Elizabeth Huntington Clark Lyman. This new material and the biographical details are checked and complemented with other sources, in particular Alden H. Clark?s memorial publication written in 1938. Classification-JEL: B13, A13 Keywords: Note: Pages:132-140 Volume: 2016/2 Year: 2016 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=57976&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2016-002008 Number: 8 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=57976 Template-type: ReDIF-Article 1.0 Author-Name: Alessandro Dafano Title: Measuring, Evaluating, Planning. The pioneering Italian Institute for the Study of Business Cycle Abstract: Classification-JEL: Keywords: Note: Pages:141-145 Volume: 2016/2 Year: 2016 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=57977&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2016-002009 Number: 9 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=57977